Sterling jumped against the U.S. dollar on Thursday following reports that the U.K. government is in talks to scrap parts of its unfunded package of tax cuts.
Sterling recovered slightly after a Financial Times report said the Bank of England has privately signaled a willingness to extend its emergency bond buying.
U.K. bonds sold off again on Monday, pushing yields to their highest level since before the Bank of England’s historic intervention to avert a pension fund collapse late last month.
The Bank of England on Monday announced further measures to ensure financial stability in the U.K., building on its intervention in the long-dated bond market.
Russian authorities reported on Saturday that a large blaze erupted on the only bridge linking mainland Russia to the occupied Crimean Peninsula.
Nonfarm payrolls in September increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5%.
Leaders of the trade union representing striking postal workers in the U.K. will meet with Royal Mail bosses on Monday for crunch talks.
Sweden’s national security service on Thursday said a crime scene investigation into the Nord Stream gas leaks “strengthened the suspicions of gross sabotage.”
British Prime Minister Liz Truss on Wednesday that cutting taxes was “the right thing to do morally and economically,” doubling down on a series of debt-funded economic reforms that have …
Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit a record high.